Deutsche hires wealth management head for Taiwan

Victor Chao joins from Citi to head up the onshore private wealth franchise.

Deutsche Bank has hired Victor Chao from Citi as its new head of private wealth management for Taiwan, according to a release.

Based in Taipei, Chao will be responsible for managing and overseeing DeutscheÆs entire private wealth management franchise in Taiwan, which it says has ôa rapidly expanding client base of entrepreneurs and wealthy familiesö. He will report to Hong Kong-based Kenneth Toong, who is head of private wealth management for North Asia.